Tag: DeFi

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DeFi Exploits Push Builders to Rethink Emergency Controls

Andre Cronje says much of decentralized finance is “no longer DeFi” in the strict sense, as builders debate whether circuit breakers and other emergency...

Aave-Linked DeFi United Details rsETH Recovery Plan

The Aave-linked recovery group DeFi United has published a technical implementation plan to restore rsETH backing after the April 18 Kelp bridge exploit released...

RedStone Launches Settlement Layer to Address RWA Liquidity Gap in DeFi Lending

RedStone, a decentralized oracle provider, has launched a new settlement layer for decentralized finance, aiming to make tokenized real-world assets (RWAs) usable as collateral...

DeFi United Outlines Technical Path To Make Kelp’s rsETH Whole

The coalition has secured ETH commitments to refill the bridge in tranches and will use Aave and Compound governance proposals to liquidate the exploiter's...

Who’s pledging to Aave’s $300 million DeFi recovery effort after massive Kelp DAO exploit

In the often-fractured world of decentralized finance, crises tend to expose fault lines. This time, they’re also revealing an unusual level of coordination.Aave, one...

DeFi United Hits Recovery Target as Consensys, Solana, TRON Pledge Support

The DeFi United coalition crossed its rsETH backing target after a flood of weekend commitments from across the Ethereum, Solana, TRON, Avalanche, and Bitcoin...

Why DeFi is not dead after the KelpDAO exploit

The easiest take after a $290 million exploit and a roughly $13 billion slide in DeFi total value locked is that decentralized finance is...

DeFi United Fundraising Chips Away at Kelp Exploit Shortfall

Bybit CEO Ben Zhou pledged his support for Mantle's 30,000 ETH loan proposal.The "DeFi United" industry recovery effort spearheaded by Kelp and Aave Labs...

Lotus Taps WisdomTree Money Market Fund to Build Yield Floor into DeFi Lending

WisdomTree's WTGXX holds nearly $860M in distributed asset value, mostly on Ethereum.Pre-launch DeFi lending protocol Lotus has announced that WisdomTree's Treasury Money Market Digital...

Flying Tulip Adds Withdrawal Circuit Breaker After DeFi Exploits

Flying Tulip, a decentralized finance (DeFi) platform founded by DeFi developer Andre Cronje, has added a circuit breaker that can delay or queue withdrawals...

Aave leads DeFi bailout push after $292M crypto exploit

Aave and several major crypto firms are coordinating a recovery effort to stabilize decentralized finance (DeFi) markets after a $292 million exploit left the...

Aave Announces ‘DeFi United’ Relief Fund to Restore rsETH Backing After Kelp Exploit

Lido is the first service provider to publicly announce its participation in the relief fund via a governance proposal requesting up to 2,500 stETH....